"Berry will be converted into a limited liability company as part of the transaction and Linn affiliate LinnCo will give the Berry assets to Linn Energy in exchange for units of Linn Energy. LinnCo, based in Houston, went public in October.
Linn said that the acquisition is expected to add more than 40 cents per unit in the first full year after the buyout is complete. The company also said it plans to recommend that its board raise its quarterly dividend by 6 percent to 77 cents per unit from 72.5 cents per unit."
Looks like things are up in premarket for both. The CC will be very interesting.